“NIGERIA UNLEASHES HALAL POWER: TARGETS $7.7TRN GLOBAL MARKET WITH NATIONAL STRATEGY”
GREATRIBUNETVNEWS–Nigeria launches National Halal Economy Strategy to tap into $7.7 trillion global halal market, aiming to unlock $12 billion in economic value and boost exports, jobs, and tourism.
Key Issues:
– _”The cumulative efforts are projected to unlock over twelve billion dollars in economic value, while strengthening food security, deepening industrial capacity, and creating opportunities for small-and-medium-sized enterprises across our states.”_ – Vice President Kashim Shettima
– Global Market Positioning : Nigeria aims to join leading nations in the global halal economy, expected to add $1.5 billion to GDP by 2027.
– _”It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy. This document is a declaration of our promise to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value.”_
– Strategic Ambitions : Expand halal-compliant food exports, develop pharmaceutical and cosmetic value chains, position Nigeria as a halal-friendly tourism destination, and mobilize ethical finance by 2030.
– _”The halal economy is a global market framework rooted in standards, safety, and consumer trust, not geography or belief.”_ – Vice President Kashim Shettima
Commenting on the unveiling, Chairperson of the National Halal Strategy Committee and Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole @joduwole, said the launch of the Nigeria National Halal Strategy by the Vice President is a public-private collaboration that has involved extensive interaction with stakeholders.
She noted that the private sector led the charge in ensuring that it is a whole-of-government and whole-of-country intervention, with the Office of the Vice President coordinating all ministries, departments, and agencies, while the Federal Ministry of Industry, Trade and Investment played a pivotal role.
The minister stressed that what the Halal Strategy has done for Nigeria “is to position us among countries that export Halal-certified goods across the world.
“We are going to leverage the African Continental Free Trade Area (AfCFTA) to ensure we export our Halal-friendly goods to the rest of Africa and beyond to any willing markets; participation is voluntary,” she added, assuring that as chairperson, her ministry would deliver on the objectives of the strategy for the prosperity of the nation.
Earlier, the Chairman and CEO of Dar Al-Halal Group Nigeria Limited, Alhaji Muhammadu Dikko Ladan, expressed satisfaction that the Halal Product Development Company collaborated with the group in developing the National Halal Economy Strategy.
He added that, in addition to the strategy, an export programme is underway involving the Ministry of Trade and Investment, through which Nigerian companies can be onboarded into the Saudi Arabian market and beyond.
Ladan described the Strategy as a landmark opportunity for Nigeria as it creates market access and attracts foreign direct investment.
The French Ambassador to Nigeria, Marc Fonbaustier, represented by Carole Lebreton, Financial Counsellor at the French Embassy in Nigeria, said the Halal Strategy is also key to Nigeria–France relations, as the French government explores more ways to build socio-economic bridges with Nigeria.
She said the French government stands ready to support Nigeria’s export drive, especially in the areas of food, cosmetics, and pharmaceuticals.
The Nigerian delegation at the unveiling included the CEO of the Nigeria Export Promotion Council, Mrs Nonye Ayeni; Managing Director of the Bank of Industry, Mr Olasupo Olusi, and Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle Johnson, among others.
Developed by the Halal Products Development Company (HPDC) of the Kingdom of Saudi Arabia — a wholly owned subsidiary of the Saudi Public Investment Fund — the Strategy is an outcome of the bilateral cooperation agreement signed between Nigeria and HPDC in February 2025 at the Makkah Halal Forum.
The collaboration seeks to deepen Nigeria–Saudi Arabia economic relations while leveraging HPDC’s global reach to attract investment, improve market access, and integrate Nigeria into international halal value chains.
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